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Basket Knights - A Basket Trading Round Table

  • #861
  • Nov 18, 2019 10:13am Nov 18, 2019 10:13am
Quoting bishopdotun
Tidane - 28/3 The market is still short from here. I choose to stay with Tidane 28/3. C14 {image} RB7 {image}
Hmmmm...interesting. The C5 Buy basket signal I posted about 7 hours, or so, ago was also TD 28,3 (*there was an error in my text which I've corrected/edited)

When I return to my work station I'll check the C14. Reason: During the previous (your present) Sell basket signal, my C14 signal also occurred way before yours. I need to know if maybe something's up...wondering why the signals are occurring at different times on the same baskets.

Maybe it's a broker issue. We'll see.

Thanks for your post.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #862
  • Nov 18, 2019 10:17am Nov 18, 2019 10:17am
Quoting fmsfx
Same here still Short for now. {image}
Please could you (or anyone else) post your C5 basket with Tidane 28,3 too. Is that still a Sell also?

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #863
  • Nov 18, 2019 10:23am Nov 18, 2019 10:23am
Quoting aaven
{quote} Ty, I am not speaking on behalf of Steve. From what i know of Steve, more than trading, solving a problem methodically is his forte. If there is something specific on your mind, i feel you let him know. Thanks
On the contrary aaven, I have nothing else (besides all I've "thought out loud" and written here) in mind.

If we can find a way to make this beast more efficient, by whatever means necessary, (and I may be raising a storm in a teacup!) then I'm good.

Thank you.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #864
  • Nov 18, 2019 10:29am Nov 18, 2019 10:29am
Quoting TyLamai
{quote} Please could you (or anyone else) post your C5 basket with Tidane 28,3 too. Is that still a Sell also? Regards and Stay fluid, Ty
Ty,

Attached Image (click to enlarge)
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broker-global prime

Thanks
  • #865
  • Nov 18, 2019 10:37am Nov 18, 2019 10:37am
Quoting aaven
{quote} Ty, {image} {image} broker-global prime Thanks
Thanks aaven! Same thing I'm getting here on the C5.

I guess the C14 is straggling...

Anyhow, the DC is in progress as expected so no harm no foul. If C5 is still a Buy when the DC is complete, I'll open my Level1 Buys.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #866
  • Nov 18, 2019 11:54am Nov 18, 2019 11:54am
Quoting TyLamai
{quote} Please could you (or anyone else) post your C5 basket with Tidane 28,3 too. Is that still a Sell also? Regards and Stay fluid, Ty
I just trade the Basket 10(H4) and re-entries off the M15. The C5 over time slowly fell apart for me mainly because of the sync of the USD and JPY started to be inconsistent. I was hoping to see J pop in the thread to spread some more basket wisdom for us to follow being its been about 10 years now since any type of revision to the Basket Trading System he created. I have to say though the original 14 basket pairs can still make the pips with good market timing and Sync of the USD-JPY. Attached is my list of baskets from back in the day with T101.
Attached Image
K.I.S.S.
  • #867
  • Nov 18, 2019 12:03pm Nov 18, 2019 12:03pm
Finished reading Julius' simple thread and have an IA opened since 21st of Oct still showing a sell basket (below).

I am now reading up on the indicator development of t101's not so simple method. I find it interesting to see where it all came from, the philosophy and beliefs behind the perspective that is being traded.

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  • #868
  • Nov 18, 2019 12:10pm Nov 18, 2019 12:10pm
I occasionally load up this DB I made a couple of years ago as just a "reference only" as to what the pair(s) are doing on their own and inside the respective groups.
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K.I.S.S.
  • #869
  • Edited 10:02pm Nov 18, 2019 3:58pm | Edited 10:02pm
Quoting TyLamai
{quote} On the contrary aaven, I have nothing else (besides all I've "thought out loud" and written here) in mind. If we can find a way to make this beast more efficient, by whatever means necessary, (and I may be raising a storm in a teacup!) then I'm good. Thank you. Regards and Stay fluid, Ty
Quote
If we can find a way to make this beast more efficient, by whatever means necessary, (and I may be raising a storm in a teacup!) then I'm good.

Hello @TyLamai...

I'm not sure what you mean by "more efficient". As you've mentioned a number of times, there is no right or wrong way to basket trade and, in fact, the strategy lends itself to different approaches.

Your approach relies on fundamentals and "to leave as LITTLE money as possible on the table. If this includes decimating and/or cannibalizing the Indexes and Baskets and Offline Charts, etc, as we know them to be now, then I'm game..." This is a highly discretionary approach and it works -- you have the skills and brain power and motivation.

My approach is always with an eye toward automation. I'm a developer. If it weren't for the fact that MT4 supports an algorithmic approach then forex trading has no interest for me. In order to automate a strategy it requires rules -- and in the case of MT4 that means simple algebraic formulas along with a few boolean conditions (i.e. "if / else" conditions).

Discretionary trading can not be boiled down to simple algebra plus "if / else" statements -- hence, it can not be automated. Automated trading can not make discretionary decisions -- hence, it will leave pips on the table.

Again -- as always -- it comes down to trade-offs...
  • #870
  • Nov 18, 2019 4:25pm Nov 18, 2019 4:25pm
Still Bearish for me. GJ Just made BBMA Extreme now expecting break if mid bb to confirm additional sells.
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EX BBMA trader focusing on REE code.
  • #871
  • Nov 18, 2019 5:05pm Nov 18, 2019 5:05pm
Hi.

I would like to join the chat group. Attached is my screenshot
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Enter Signature
  • #872
  • Nov 19, 2019 12:01am Nov 19, 2019 12:01am
Quoting pharlap1959
Hi. I would like to join the chat group. Attached is my screenshot {image}
Welcome to the BK Round table pharlap1959.

Link sent.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #873
  • Nov 19, 2019 12:57am Nov 19, 2019 12:57am
Quoting aaven
{quote} Ty, {image} {image} broker-global prime Thanks
Hello stranger ! ! ! !
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #874
  • Nov 19, 2019 1:08am Nov 19, 2019 1:08am
Quoting fmsfx
Same here still Short for now. {image}
Hello,

you have blue and red squares on you chart. What is the purpose of this?

Thank you.

Alex

P.S. Sorry, english is not my native language. ))
  • #875
  • Nov 19, 2019 3:31am Nov 19, 2019 3:31am
When they (PA and Basket) concurred at the edges, that is the edge.

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  • #876
  • Nov 19, 2019 3:35am Nov 19, 2019 3:35am
Quoting mixedbags
When they (PA and Basket) concurred at the edges, that is the edge. {image}
Mixedbags,

What is the 1st Basket-associate with NZDUSD? Is it C5?

What is 2nd Basket-associated with EURNZD?

Thanks
  • #877
  • Nov 19, 2019 3:53am Nov 19, 2019 3:53am
Quoting aaven
{quote} Mixedbags, What is the 1st Basket-associate with NZDUSD? Is it C5? What is 2nd Basket-associated with EURNZD? Thanks
NZDUSD - EURAUD,EURNZD,GBPAUD,GBPNZD.
EURNZD - NZDCAD, NZDJPY, NZDUSD
EURAUD - AUDCAD, AUDCHF,AUDJPY,AUDUSD

The level 80 90 10 20 is Stochastic levels.

I'm trading correlation and now only focus on EURAUD and EURNZD.
  • #878
  • Nov 19, 2019 4:02am Nov 19, 2019 4:02am
Quoting mixedbags
{quote} NZDUSD - EURAUD,EURNZD,GBPAUD,GBPNZD. EURNZD - NZDCAD, NZDJPY, NZDUSD EURAUD - AUDCAD, AUDCHF,AUDJPY,AUDUSD The level 80 90 10 20 is Stochastic levels. I'm trading correlation and now only focus on EURAUD and EURNZD.
Very Interesting. So you are looking for negative correlation as in the basket made from the constituent elements is at one extreme and the key constituent element is at other extreme?

Thanks
  • #879
  • Nov 19, 2019 4:05am Nov 19, 2019 4:05am
Quoting aaven
{quote} Very Interesting. So you are looking for negative correlation as in the basket made from the constituent elements is at one extreme and the key constituent element is at other extreme? Thanks
yes. Also I'm studying the use of volume, some threads talk about it, quiet interesting.

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  • #880
  • Nov 19, 2019 4:08am Nov 19, 2019 4:08am
Quoting mixedbags
{quote} yes {image}
You are an Innovative thinker Sir...
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